‘The US justice department has informed several HSBC customers that they are the subjects of an investigation into potential tax evasion people familiar with the situation said. It is unclear how wide-ranging the investigation is or what HSBC’s role is in the matter … An HSBC spokeswoman declined to comment.’
Financial Times 7 July
‘The US government has begun a criminal investigation into whether clients of HSBC are evading tax by putting money in undeclared bank...
